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home / news releases / FOCS - Focus Financial Partners gains after $53/share offer from private equity firm

FOCS - Focus Financial Partners gains after $53/share offer from private equity firm

Focus Financial Partners Inc.

  • Focus Financial Partners ( NASDAQ: FOCS ) jumped 12% in premarket trading after receiving a non-binding proposal from buyout firm Clayton, Dubilier & Rice for $53 a share.
  • The PE firm made the offer on Sunday and the bidder expressed that the bid is its "best and final," according to a 13D/A filing by investors including Trident FFP, which has an 11.1% stake in Focus Financial ( FOCS ). The $53 offer represents a 15% premium to FOCS closing price on Wednesday.
  • On Thursday Trident said it would be willing to participate in the transaction if certain conditions were met, according to the filing. Negotiations regarding definitive terms and agreements for a proposed transaction are ongoing.
  • Focus Financial ( FOCS ) has a market cap of $3.6 billion.

For further details see:

Focus Financial Partners gains after $53/share offer from private equity firm
Stock Information
Company Name: Focus Financial Partners Inc.
Stock Symbol: FOCS
Market: NASDAQ
Website: focusfinancialpartners.com
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